So let’s have some fun folks! “You take the blue pill, the story ends. You wake up in your bed and believe whatever you want to believe. You take the red pill, you stay in Wonderland, and I show you how deep the rabbit hole goes.” I’m sure most people are either familiar with the movie The Matrix or have heard the above quote. It’s an interesting premise I think. Let’s have a discussion and see how we can relate this to trading! To start with, I will just be open about my own personal frame of reference for all
Click Cover for Amazon Click link below for The Art of Trading at The Book Depository Book Depository Link Chris Tate is Louise Bedford’s business partner at The Trading Game. I read this book when I enrolled in the Mentor Program in 2016. This book focuses on Money Management, Psychology of Trading, Risk, Technical Analysis, Preparing a trading plan. Chris has an almost daily blog on The Trading Game website. Chris is big on developing your own trading system that resonates with you and looking at the charts for yourself. Successful traders take the first signal their system
Click on cover for Amazon Click link below for The Book Depository Book Depository Link I became very interested in using Bollinger Bands to help me with entries and exits particularly for mean reversion strategies on foreign exchange. Bollinger details a great methodology for determining if the current price is high or low on a relative basis. Almost every charting package these days includes the Bollinger Band indicators – or at least the simplest ones. John’s book has many more indicators and I have been able to add many of them to Optuma. If you would like these
Click on cover to buy from Amazon Click below to buy from The Book Depository Book Depository Link Click on cover to buy from Amazon Click below to buy from The Book Depository Book Depository Link These books are highly regarded by any trader who has read them. Jack Schwager interviews a variety of different traders all with different approaches and all of thm very successful – although I believe a few of them may have gone bust after these books were released. It’s great getting insight from people who have waked the talk and made a
Click on Cover to buy from Amazon Click below to buy from The Book Depository Book Depository Link Click on Cover to buy from Amazon Click below to buy from The Book Depository Book Depository Link Two of my favourite books. If you think you have your trading psychology ‘nailed’ then I suggest you read these books. If the house is burning down, these two books are on your list of things to take with you. Originally posted 2017-05-02 18:43:58.